Lynette Zang: Hold It Or Lose It

TITLE:  ‘If You Don't Hold It, You Don't Own It" — Lynette Zang on Sound Money, Gold & the Coming Financial Reset

In this podcast, Carmelle Pavan speaks with special guest Lynette Zang, Economist and Founder of Zang Enterprises. With market experience dating back to 1964, Lynette has worked as a banker, stockbroker and precious metals and currency analyst and has spent decades studying the lifecycle of currencies. 

A global educator on Sound Money and community financial independence, she’s famous for the line: “If you don’t hold it (gold), you don’t own it.” 

In this wide-ranging conversation, we explore current geopolitical and monetary upheavals, the inflationary impact of fiat printing, the rising strategic role of gold and silver, the implications for Australia’s debt and cost-of-living pressures, and the emergence of stablecoin regulation and gold-pegged digital assets.  Lynette also shares practical guidance for investors seeking durable wealth preservation and actionable steps to prepare for the financial shifts ahead.

Here’s what you will understand from this episode:

• Why physical gold and silver remain essential for wealth preservation and sovereignty.
• How currency cycles and fiat expansion drive inflation and asset reallocation.
• The potential impact of global conflicts and US policy on Australia’s economy.
• What legal tender moves and stablecoin regulation mean for demand and pricing of bullion.
• Practical steps to improve financial resilience: asset allocation, liquidity, and preparedness.

Transcript

Welcome And Guest Introduction

SPEAKER_01 0:06

Welcome to the Precious Metals Precious You podcast, sharing advice and insights into wealth, wisdom, and prosperity. Learn from industry experts on how to secure your financial freedom. Expand your knowledge about precious metals. Take control of your wealth with a self-managed superfund. Empower yourself to become the best version of you. It's all about wealth, wisdom, and prosperity. Hi, and welcome to the podcast Precious Metals, Precious You. I have a very special guest with me today. It's the renowned and much respected Lynette Zhang. Lynette is an economist and the founder of Zhang Enterprises, driven by a passion for educating and empowering individuals to attain financial freedom and independence, utilizing the principles of sound money and community. Well, involved in the markets since 1964, Lynette has worked as a banker, a stockbroker, and a precious metals and currency analyst, as well as studying the social, economic, and financial patterns of the life cycle of currencies. Lynette, welcome. It is so wonderful to meet you.

SPEAKER_00 1:33

And remember, we met in Melbourne. We did.

SPEAKER_01 1:37

We did. Look, thank you so much for remembering me. Of course, I remember you. We hosted an event with uh As Good As Gold Australia, and you were um the key speaker. Uh we had a massive turnout, I'm not surprised. Uh, and you had your uh your little gun, which was firing off, uh was symbolizing firing off firing off all this money.

SPEAKER_00 2:00

It's so easy to make it when it doesn't cost anything.

SPEAKER_01 2:04

That's right. The the printing of uh the devalue currency. We've got quite a few topics to get through today. We have obviously a limited time, so again, it's uh it's such an honor to uh to speak with you.

Why Physical Beats Paper Gold

SPEAKER_01 2:16

Um I'm gonna start with I'm gonna hold a little piece of um, this is a 100 gram gold bar in my hand. Um, what I'd love to uh start, uh you've got uh the same matching wonderful. Um so Lynette, your catchphrase is if you don't hold it, gold, you don't own it. Let's take a bit of a deeper dive. What do you actually mean by that?

SPEAKER_00 2:40

Well, what I mean is if you go back, at least in the US, you can look at this legal string of ownership. So if you're not, if you hold it in your hand, well, that's where it starts, stops, and it runs no counterparty risk. But as soon as you hold it in something like an ETF or in any other way, then there's a contract. Somebody else is holding it. And and I can't really speak for Australia on this, but here in the US, then it's considered held in street name, which is actually what that actually means is you are just the beneficial owner, the legal owner are the banks.

SPEAKER_01 3:22

Yes, yes. Um, there's a what we do in Australia that we have uh, particularly in um in as good as gold uh Australia, the the bullion dealership, we own a vault. Uh in place, we also um access uh professional vault in Melbourne. Uh so a lot of people do store in a vault, but uh in a self-managed super fund in Australia, which is the equivalent of your um your uh uh uh what is it the race? That's right, yes. Yes, uh, you can actually hold and store your bullion in a self-managed super fund, but you can store it on your premises, so you are literally holding your own physical, and we always just talk about physical bullion because I know that's really what you're supporting. So, yep, again, if you don't hold it, you don't own it. Um how long? I'm just curious, Lynette, how long have you been espousing the benefits of owning bullion um through your throughout your illustrious career? Did it start just start way back or something more recent?

A 1964 Lesson In Sound Money

SPEAKER_00 4:27

Yeah, I mean, I know it's it's not it's not recent, and it is recent, and I'll explain that because uh my uncle Al was a major antique dealer uh in New York, actually. And so one day my parents and I were at his house, and I was that was 1964. I was born in 54, so I was 10 years old at the time, and he said, Oh, come on in the back room, I want to show you something. And so he took us in a back bedroom where he had two tall floor safes, and he opened the doors and he said to my parents and me, but I was 10, and he said, if anything should happen to me, Aunt Bertie will be well taken care of for the rest of her life because of what's in these safes. And so naturally I turned around and looked, and they were full. You couldn't fit one more one ounce gold coin in those safes. Wow, this was 1964 when in the US it was illegal to hold more than five ounces of gold any other way, but the way that he was holding it was which was actually pre-30 1933 uh gold coins. Because in the US, gold has been confiscated three times historically, and so really I I can't say that at 10 years old I really understood what he meant fully when he did that, but it absolutely had a huge impact on me. So even when I was a banker, and then after that, when I was a stockbroker, I used to always, always recommend that people have sound money, physical gold, physical silver in their possession, even though at that point I could not sell it, but I knew the importance of it. Um, I can't say that I knew that 100%, but in 1987 uh or 78, no, 87, uh I became a stockbroker in 86. It was 1987 when I started studying currencies because I stumbled across Australian and New Zealand bonds. And, you know, I mostly favored the New Zealand bond because it was short-term paper, triple A rated. And I remember here in the US at that time, treasuries were paying something like eight, eight and a half percent. But this McDonald's five-year bond was paying 12 and three-quarters percent. So that got my attention because it was a short-term piece of paper. But since it was a New Zealand bond, and at and at that time it paid in New Zealand dollars, I was lucky enough to be in the industry at a time where I could call the head of any trading desk. And that's exactly what I did was I called the head of currency trading because if I was going to sell somebody a non-dollar denominated bond, I needed to understand it. And that's really where I started studying about currencies and currency life cycles. And uh, because you start to see these patterns and these things that happen. Frankly, 100% of the time, there are over 4,800 currencies, government-based currencies, that do not exist anymore. And yet we see those same exact patterns that have happened every time, and we're seeing them in spades on a global basis right now.

SPEAKER_01 8:05

Yeah, we certainly are. Um, I want to just say that uh I have I'm not a financial planner or an accountant, uh, but I have actually worked in Melbourne uh with a couple um of uh financial firms, and I've always um been uh talking about gold and silver. And when I did speak to the firms uh about gold and silver um being the top-tier world-class investment uh asset, uh none of them were interested. And one of the main reasons they said uh they're not interested is there wasn't any trailing commission. There wasn't anything essentially for them. Uh but we know different, don't we? It is absolutely uh hands down. I mean, gold's actually increased 34% year to date in the last, you know, the last 12 months. Um, silver's around you know 25%.

SPEAKER_00 8:52

So yeah, it's here's a question for you, right? Oh yeah. And that is because you've worked in the industry, I've worked in the industry, and in the beginning, then what happened in the stock markets actually was reflective of what was happening in the economy. But have you particularly noticed that as the markets have become more financialized, lots more products? What that means is that there's lots and lots and lots of products, and to your earlier point, that pay trailing commissions. So, you know, I mean, really, are they doing things? I'm not saying anybody is awful or has ill intent. However, we always have to take into account what is in the client's best interest first. So that's why, even though I didn't make any money doing it, I definitely helped them buy physical gold and silver back then.

SPEAKER_01 9:53

You know what? We do the same. Uh, I can disclose and be transparent. Um, none of our staff, including myself, we don't um earn commission or bonuses. There's nothing extra for us. And that means that we are absolutely obliged and privileged to talk to clients about what is in their best interest. Uh, you know, as again, it is it's it's really uh the reality is that uh bullion is um such a safe haven in these uncertain times. So I guess I'm gonna segue now, speaking of uncertain times.

War Spending And The Inflation Tax

SPEAKER_01 10:26

Wow, we are you know, economic uncertainties around the globe, the continuing chaos around the world, particularly uh the recent um Israeli, uh Iranian and now US involvement in the conflict, uh the Russia-Ukraine conflict that um you know it's kind of silent at the moment. We know there's a lot going on there in the background, as well as other areas. You know, it is vitally important for us to be prepared, but also try not to live with fear, uh, which for many of us, Lynette, it's incredibly challenging. And as you've mentioned, um increasing the printing of fear currency, the the current currency in Australia is the Australian dollar, the US dollar. Um, well, printing more currency is funding is required to fund the wars. So I'm really um really interested in finding out what, you know, in your view, um, in the circumstances of these current crises, what sort of impact do you think it's going to have on the global and the local economies?

SPEAKER_00 11:33

Wow, just like it did forever, and that is war is inflationary. Because as you pointed out, they have to fund these wars. But what people never really think about, and we all know they print money from nothing, right? That's what we say. And we also know that the currency is supported by the full faith and credit of whatever government is issuing it because it takes pennies, it takes nothing to issue this money. But hey, if it's a hundred dollar bill, like I just pulled these numbers from 2025, it costs our central bank 9.7 cents to make a hundred dollar bill. I have to work a whole lot harder, a hundred times harder than they do. So, what people don't realize is when the central banks do this, yeah, they're making money out of thin air. And the reason why you keep losing your purchasing power value every time they do that is because it doesn't cost anything for them to do it. Yeah, right? Yeah, that's how you know the fundamental value of any government debt, any government currency, it's just based on their ability to create more. It costs them nothing, but it costs you and me everything.

SPEAKER_01 13:03

Absolutely. You know, uh in a st I want to focus now in Australia because you obviously you're in the US, I'm in Australia, you've been to Australia a few times, you need to come back. Uh, we'd love to have you back again. But focusing, you know, focusing on Australia. Well, Australia has the highest, one of the highest debt bubbles in the world. The cost of living and the housing crisis um is is impacting a vast number of Australians and will continue to be to do so. With these global uncertainties, it's leading, of course, to higher prices, supply chain disruptions, possibly food, oil, other necessities, and then there's the potential of further retaliation, more unrest. So, Lynette, focusing on Australia, how do you see Australia is going to uh come through in this global financial reset, if you like?

SPEAKER_00 14:00

Um, unfortunately, I don't really like this, but what typically happens is they have to basically repay that debt with Australian dollars or US dollars or wherever it is in the world that have no value. That's how they reset the system. That's why it's called a reset. And with all of that debt, it's kind of like a trickle down. So the government grows a lot of debt, but they're also encouraging corporations to grow a lot of debt, and they're also encouraging individuals to grow a lot of debt. I absolutely love, love, love Australia. And every time I go, I love it more. Um, uh I can't say that I love what I see happening with the governments because it puts everybody in an extraordinarily precarious position. But we'll also say, um, and you were part of that when I came to Australia in 2023. I threw my script out that I had put together for the event. And I was compelled to start talking about community. So I may be in the US and you may be in Australia, but we are part of the same community. And I believe so extremely, it is so extremely important that we build this global community and get sound money that is redeemable, not pegged, because pegged doesn't mean anything. It must be redeemable, and that's a global issue. So unfortunately, I think the US will probably fare the worst because it's the world reserve currency. We're gonna have a lot more dollars that are held offshore coming into the US. However, nobody's gonna get out of this unscathed. And so I think my mantra fits in anywhere in the world.

Australia’s Debt Bubble And Self-Sufficiency

SPEAKER_00 16:04

You need to be as self-sufficient and independent inside of community. That's arguably the most important part, and you need to make sure that you have surety in food, water, energy, security, barterability, which for me is primarily silver, wealth preservation, which for me is primarily gold, community, because you know, we just don't have the same luxury of time to get everything in place, and shelter, because these are the things that we need, so that if the government says jump, you don't have to say how high. If everything is inside of the system and you're dependent upon them for food, because because I saw that too, right? We used to, as a as a world, be a lot more independent. We had home gardens, we had this, we had that, right? I don't know. Uh I didn't really see a whole lot of home gardens when I was there, but I didn't really go to a lot of uh individual houses.

SPEAKER_01 17:14

But um you know what? It's exactly the same. We call it um off the grid. Um, or uh, or as I reflect back to my grandparents, it's exactly the way they used to live. Grow your own fruit and vegetables, biodynamic, um, chickens in the backyard, um, barter, give, give, you know, help your community uh and start bartering. And I want to mention the bartering too because um there are communities in regional areas in Australia where silver is now used instead of fear currency at different types of businesses, cafes, restaurants, and other service businesses. And I really I actually did some research before speaking with you that um bullion equals legal tender in the US. So the US Constitution, Article 1, Section 10, allows states to recognize gold and silver as legal tender. So now in June 2025, there are 11 states that have passed legislation affirming gold and silver as legal tender in uh you know, allowing use uh of day-to-day transactions. So Utah was the first state to pass the legislation, um, and also Utah, interestingly, is exploring a precious metals-backed electronic payment platform, according to the treasurer there. Um, Texas established a state gold depository to secure precious metals. So let's see how that pans out. Um, but you know, in your opinion, um, Lynette, what does legalizing gold and silver for say, you know, retail or everyday transactions, what's that going to mean for the demand and importantly the price of bullion?

Legal Tender, Taxes, And Price Distortion

SPEAKER_00 19:04

Well, it will expand the demand, certainly, but it will also, I mean, part of it is yes, you can use it in transactions, and then the other part of this legalization is to remove some ridiculous taxation that that the federal government has used. So that taxation is still there, but that's about keep up keeping people away from that and into the garbage, right? So I'm extremely excited about this and very heightened about it. Um, I happen to sit on the Sound Money Movement Advisory Board, and so there is a big push to get Gold and Silver's legal tender in more of the states, which would then put pressure on the federal government to legalize it. So sorry, go ahead.

SPEAKER_01 19:57

Uh no, I was gonna say, do you uh you mentioned the word taxes? Uh, do you think that there may be the uh introduction of taxing gold and silver at any point?

SPEAKER_00 20:10

They are they're taxing it quite heavily right now, the federal government and the states that have not legalized it. Those states that have legalized it have removed that taxable event. Because I know inflation is an invisible tax, and you could say that when a government creates this money for nothing and then charges you whatever $100 or whatever that is for it, that that is the inflation tax, right? But um, yeah, I mean, the tax on gold is ridiculous here in the US, and that's about keeping people away from it. Just like I mean, it's really, it's really hard for I think people to understand that Wall Street is not giving you an honest picture of the true value of frankly any assets, let alone gold and silver. And that is because of those futures contracts or the derivatives based upon the gold, which the bottom line, what that means, is that they can create a whole bunch of gold that does not nor ever will exist, and the same thing with silver, yeah, right? Yeah, and so I think that it's critically, critically important that everybody understand the true fundamental value of any asset or any instrument, because that, my friend, is the only way to know if something is undervalued, therefore you want to buy it, fairly valued, so you want to hold it, or overvalued, so you want. To sell it. And I can I don't know where those true numbers are right now because it that's opaque for from us. But I can tell you that before the Bank of International Settlements uh changed the way they accounted for all of those derivative contracts against gold for every one ounce of gold that there exists in the world, there were 60 62,000 derivative ounces of gold that were created. So 62,000, and that was 2009. I guarantee you, without being able to prove it because of all the taxable, you know, the the uh formulas and the way they changed them, that didn't get smaller, that got bigger. So I can 100% you'll have to translate this into Australian dollars, but I can 100% tell you that the true fundamental value of one ounce of gold today, based on all the debt that they've grown, because that represents how much money they've created on a global basis, is $40,000. So interesting. I mean, it's severely undervalued, and silver is $2,000.

SPEAKER_01 23:26

$2,000 US dollars. Okay. Well, interesting. Um, at the moment, we're seeing the rare occurrence um of ratio gold silver 100 to 1. So it's uh approximately one uh 100 ounces of silver equals uh one ounce of gold. Uh interestingly, in my business, um whenever the the price of gold and silver increases, we become busier. So that has been consistent. I've been with as good as gold Australia for nine years, and every time the cycle um starts to increase, um, you know, you're going up on on the ascent, we become busier and busier. Um, and that's when I think people really start saying, okay, it's a bull run, we're gonna continue to see that. Now, you've you've made that comment about what uh the true value when you take the debt, the inflation, um, the uh all the transactions, the EFTs, and the actual true price leveling out of one ounce of gold. Robert Kawasaki, I'm gonna quote him, um, obviously from um author um of uh Rich Dad Poor Dad, uh, and and a mentor and a supporter um of As Good as Gold Australia and Bullion. He expects that um gold will increase to 15,000 US dollars an ounce uh in the next couple of years. Um, what do you think of that? Is that realistic? Say by the let's say by the year 2030, could be.

SPEAKER_00 24:55

Um we will see gold at least begin its rise to its fundamental value. And I know Robert very well, he lives not too far from me, maybe about 45 minutes away. Um and uh so by 2030, um God, I'll bet you it's over 40,000. But here's the challenge with this. Seriously, here's the challenge with this. That's because you put value in those numbers, and people do put value in those numbers, but when that happens, it's because we are in hyperinflation and people realize these things have no value and they're losing value really, really rapidly. And so, based on the studies that I've done on currency life cycles and those repeatable patterns, this is actually a huge opportunity because what will happen between now and 2030, and I you know I can't guarantee this, but I'm gonna go 99.9 percent. I'll give myself a teeny bit of.

SPEAKER_01 26:08

I'm gonna quote you on that one, but yeah, okay.

SPEAKER_00 26:10

You can, you can, because I'm that's how confident I I just I don't know anybody else that's studied this all the for all these years. But all of those assets right now that are severely overvalued, like real estate, right? I know that's an issue everywhere in the world.

SPEAKER_01 26:28

Oh, absolutely, right?

SPEAKER_00 26:30

And there are rights and stocks and and maybe even bonds, right? What we don't know, these are all severely overvalued because governments and central banks have targeted them for reflation, and they need to keep you in the system. The reason why I can sit here 100% and tell you that the true value of the Australian dollar is zero is because it literally costs them nothing to create. This isn't just my opinion, this is a fact, and so what will happen is those severely overvalued assets, income-producing assets now, this will flip-flop. Gold is severely undervalued, it's gonna go to overvaluation. It will, it's just what always happens. But what you've really done is you've held your purchasing power intact. So when these other opportunities present, you have something to work with. Because I'll bet you every single person that's listening knew of a time when they saw an opportunity, but they didn't have the money to take advantage of it. And what happened after that? Well, I'm telling you, I'm getting chills. I love Australia so much. Australia has changed my life, and it seems like there's something else that's coming because I just feel it. But this is such a huge opportunity. You don't want to buy. I mean, look, I just keep buying because I know the true value of it, so I don't really care what the spot market says. But what I do care about are the opportunities because when one currency dies, another one is born, and gold and silver are the bridges physical in your possession. That is the bridge to get you from one into the other and take advantage of those opportunities all along the way because you're holding your purchasing power.

SPEAKER_01 28:39

I couldn't agree with you more. Well said, of course. Um, and it's so easy to purchase gold and silver. You just call or come in to see us, and you can purchase gold and silver, real money, um, which is absolutely the store of value that you talk about, and increasingly will be so. Um, you mentioned the the highest the high um inflation and the high the high costs of major assets in Australia. Well, in Australia, the average price of a house now is one million dollars, which is absolutely absurd, um, and that's putting enormous strain on those who um have current mortgages and certainly those who want to enter the market. Uh, we're seeing a lot of people who actually sell their investment properties and buy gold and silver because it's just not worth it. It's not worth it, the high taxes, the capital gains, the maintenance costs, etc. And so people are waking up to um what's going on with this great financial reset and taking um uh a stand to really empower themselves. Um I've got one more, yeah. Oh, look, I I've got so much to talk about. We might have to have you uh on another um podcast, Lynette, because you're such a wealth of knowledge and and your um your energy is so infectious. Um we talk we you just mentioned uh that um we are we're seeing this great shift.

Stablecoins And The Cashless Endgame

SPEAKER_01 30:06

Um there are there are a lot of uncertainties, but we are heading towards, as we all are accepting, the digital currency, the new digital world, the new digital currency by 2030. The Australian treasurer in 2024, Jim Chalmers, uh, announced that Australia will be a cashless society by 2030. And uh apparently I think the statistics are that 70% of Australians do not use cash, perhaps never even touched it uh for currency. Um, but that means 30% will still do so. But where we're heading is um such an interesting journey, unprecedented, I might add. Um, in the US, the Genius Act has been passed. Um the Genius Act, or the Genius stands for the guiding and establishing national innovation for US stable coins, um, essentially creating the first comprehensive federal framework for stable coin regulation. Essentially, that means governing the issuance and the exchange of digital currency. So now we have stable coins considered a valuable asset in the US. Can you share your knowledge of obviously this recent and groundbreaking, I might add, shift to stable coins, um, in particular referencing the pegging the value of uh stable coins to physical gold rather than, of course, fear currencies. What's going on there, Lynette?

SPEAKER_00 31:40

Okay. Uh, first of all, in the uh, first of all, no matter what they name something, it's probably just the opposite. So, yes, this genius act sounds really smart, but I think we need to be smarter because uh President Trump has vowed that there won't be any CBDCs here in the US.

SPEAKER_01 32:04

Okay, and C BDCs meaning sorry, uh uh central bank digital currencies.

SPEAKER_00 32:09

Correct. And so that's become like a bugaboo. And so instead we're going to stable coins. Now, this is just for a moment. I'm gonna say this. This is just to get adoption, because the way they make the transition from one currency to another is to make things as normal as possible, and they take time doing it. And I'm gonna show you exactly what I mean. Just give me two seconds here.

SPEAKER_01 32:42

Well, that that sounds like manipulation to me. Oh, great PR exercise. Yeah, yeah.

SPEAKER_00 32:48

Okay, so first there was this gold, right? Yeah, then they brought out this bill with like a gold coin on there, and this is a gold certificate. So you could walk into the bank with this and walk out with this, but at the same time, the same time, they also had this. You can see how similar these two things look, right? Yes, okay. So they let these all run at the same time, at the same level of purchasing power. These are all originally worth $20 worth of purchasing power for 20 years, 1913 to 1933.

unknown 33:38

Right.

SPEAKER_00 33:39

So you had the JUL system, right? Exactly. People got used to using any one of these, but they got used to using this. So when these two things went away, everybody thought nothing had changed when in reality everything had changed because we the people now no longer had a tool to hold the government's toes to the fire. Then in the 50s is when they started bringing in credit cards, right? I mean, how inconvenient to hold a bunch of these. This is just so much more convenient. I mean, who in the world wants to hold all of these heavy coins, right? So they took us to that, which really was just supposed to represent this, which was supposed to represent this. Now we're moving on to the digital age.

SPEAKER_01 34:32

Which you you can't actually, it's digital, so you can't physical, but okay. Let's say that's it, let's say that is a stable coin. Interesting, the word stable, right? Again, creating yeah, yeah, yeah, stability. Okay, so continue.

SPEAKER_00 34:50

I think so. Now we're going from that to this actually holding all of your wealth, all of your equity on your phone, making it very easy to spend. But what I would like to point out is that when you look at the physical representation of these algorithms and these formulas, they are either gold, silver, or platinum. Yes. Why? Because they want you to think of this like this. It is not an ounce of gold. There is no such thing as a digital gold. And boy, we need a lot more time to talk about that, but it is not the same, but it's psychological. Now they take all of this away. You're holding all your wealth, your equity on your phone with those smart contracts broken down into itty bitty pieces. This is what they're talking about, and then they nudge you to spend your equity. So by 2030, you own nothing, but somebody does, you will be and you will be happy.

SPEAKER_01 36:07

Isn't that what uh Mr. Schwab said?

SPEAKER_00 36:09

Yeah, yeah, I don't think you're gonna be happy, yeah, but this is a wealth transfer mechanism, so yes, and the stable coins are about creating a new market for dollars and treasuries because the long-term and solid holders of uh the tenure treasury, which is the foundation of the global financial system, well, you know, those used to be held by governments and banks, so they had a very long-term view, but all of that really started to shift in 2013 when the two largest holders, which are Japan and China, started buying less and allowing runoffs. So something would mature and they wouldn't replace it. So the world has been, including Australia, has been turning away from the US Treasury debt. And rightfully so, because then we can go into deficits. I mean, you and I could probably talk for 20 hours here.

SPEAKER_01 37:17

Absolutely.

SPEAKER_00 37:18

Okay, but you know, um, so the stable coin is about creating a new artificial market, just like the uh the uh petrodollar created an artificial market for dollars and for treasuries. Well, that market has gone away, and that started in in 2013, and they have to create a new one. So the stable coin is about that, that's what it's about, and finally, also transferring and defining how money is created, and I I gotta come back to that in a second, but how money is created and who creates it. So, with the advent of the stable coins, it is now corporations and large tech companies that will be creating the money. Corporations create stable coins, not central banks, and they have all of this information on you, and they have all of this AI to manipulate how you think and how you move forward. You have to decide. Do you think that the government and the central banks are gonna have your best interest at heart? Do you think the corporations are gonna have your best interest at heart? Because if you do, just keep doing what you're doing, just don't buy gold and silver, just keep all of your wealth in the system, go to the cryptocurrencies and and and buy into the surveillance economy, or will you put your best interest first, yours, your families, your neighbors, your community, the world, and join a sound money movement demanding that we have redeemable gold back in the system. Doesn't have to be 100%, but it must be redeemable because that's the only way that we, the public and the power, take our power back, and we better, and this is the opportunity to do it. And boy, I'm sorry.

SPEAKER_01 39:42

I um I couldn't agree more. Absolutely, I couldn't agree more. The message is absolutely loud and clear. Um, you know, look at diversifying, looking at storing um as much value as possible, which is the real money, gold and silver. And and let's and finally, I think we'll segue back into um you said power, our own individual

Three Practical Steps To Prepare

SPEAKER_01 40:07

power. So I, you know, I do believe that understanding the power of our own awareness, of our own consciousness, of our own uh attitudes is so critical at this juncture. We need to start looking not only at the financial system, our financial um savviness, if you like, our financial literacy, but also going back to, as you said, uh look uh look in your own backyard. Um developing, say, you know, a plan or at least thinking about uh what you can do now for yourself, your loved ones, your family, and the next generations? Um, I think we both agree that it's the time for precious metals to shine. Um I mean the pun. Um, you know, sound money in a time of financial uncertainty. So why don't we finish on, and I know you touched it before, giving us giving us uh a few great tips. Um, so what are your top three tips that uh anyone in our wonderful audience needs to do to take a deeper dive to improve not only their financial position but also their day-to-day lives? Top three, Lynette.

SPEAKER_00 41:20

Well, definitely make sure you develop a local community. And because everybody brings different gifts to the table, different talents, etc. Also, if you might feel that some of your talents are lacking, go and volunteer at a farm and learn some valuable skills because these, you know, your skills are barterable. It's gonna, it's also going to create that relationship so that you can create surety in the necessities of life. I think we can all remember what it was like during COVID when we couldn't get the necessities that we needed. Absolutely. Take that as a warning and stop procrastinating. You aren't going to be able to get everything done two seconds before everything implodes. So get prepared and make sure that I like to do things so it doesn't matter if I'm right or I'm wrong. Right? So get yourself in a position that it just doesn't matter. No matter what happens, you and your loved ones and your community are in a good position. That's awesome. Get that Sound Money Foundation built. Get it built.

SPEAKER_01 42:37

You're gonna end with that. Start accumulating wealth, uh, purchase um precious metals, gold and silver. Uh Lynette, um, I will continue to uh promote you. Um, we'll we'll have if anyone wants to get in touch with you, um, certainly do research, we'll um and also um your contact details, we will put them in our uh bio in this episode. Uh, I have to speak with you again. It's been an absolute pleasure, it's such an honor. Um, thank you so much for your time, for your knowledge. Uh, you're amazing. Um, so uh let's let's keep fighting that good fight. Thank you so much, Lynette Zhang.

SPEAKER_00 43:17

It is my pleasure. Thank you for having me.

SPEAKER_01 43:28

That was the uh incredible, inimitable, uh, and the very passionate Lynette Zhang. Um, she has been um espousing the benefits of owning bullion for a long time, but also very passionate uh about her holistic um philosophy on uh on life and what to do with community. Um so thank you so much for listening to this edition of Precious Metals Precious You. I look forward to seeing you at your uh at the next uh podcast. And uh of course, look after your precious selves. Thank you. Thank you for listening. All information in this podcast is general in nature and not constituted as financial advice. Looking forward to welcoming you to the next episode of Precious Metals Precious You. It's all about wealth, wisdom, and prosperity.